- Raymond James reported 2Q adjusted EPS at $2.31, beating the estimate of $2.30 and significantly up from last year’s $2.03.
- The firm’s EPS stands at $2.22, compared to $1.93 in the same quarter of the previous year.
- Assets under administration increased by 18% year-on-year to $1.45 trillion, surpassing the $1.43 trillion estimate.
- Raymond James experienced a decrease in their effective tax rate, lowering to 21.8% from last year’s 23.3%.
- The net revenue for the quarter came in at $3.12 billion, a 8.5% increase from the previous year, however it slightly missed the estimate of $3.13 billion.
- The firm’s performance ratings include 6 buys, 11 holds, and no sells.
A look at Raymond James Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Raymond James Financial, a company providing financial services, is set to have a promising long-term outlook based on Smartkarma’s Smart Scores. With a strong Growth score of 4 and top marks in Resilience and Momentum at 5 each, the company is showing robust potential for expansion and is well-positioned to weather economic downturns. While Value and Dividend scores are not as high, the overall positive trend in the other areas suggests Raymond James Financial is in a favorable position for future growth.
Raymond James Financial, Inc. is a well-established company offering financial services to a wide range of clients across different regions. The company’s strong Resilience and Momentum scores point towards its ability to adapt to market challenges and maintain a steady growth trajectory. With operations spanning the United States, Canada, and overseas, Raymond James Financial is poised to continue its expansion and deliver reliable financial services to individuals, corporations, and municipalities over the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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